EWI Options History — September 2025

In September 2025, EWI traded between $50.35 and $52.36. ATM implied volatility averaged 16.2%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 3.3% (HV 20d: 12.9%). Max pain ranged from $46.00 to $53.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 10.37.

Notable Days

  • 2025-09-19: Highest Volume — 212 contracts
  • 2025-09-08: Largest IV spike — 41.0% change
  • 2025-09-08: Highest IV Rank — 11.4%
  • 2025-09-05: Largest Expected Move — 5.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.26$50.35$52.36$50.38$51.95
Max Pain$50.24$46.00$53.00$46.00$49.00
ATM IV16.2%11.6%18.5%13.5%17.6%
Expected Move4.7%3.3%5.7%3.9%5.0%
HV 20d12.9%11.7%14.1%13.5%12.2%
HV 60d15.2%14.6%15.7%15.7%15.2%
IV Rank7.9%1.1%11.4%3.9%10.1%
IV Percentile41.4%6.7%61.5%18.7%52.8%
Term Structure3.7%-0.8%9.0%8.3%-0.0%
VWIV16.9%8.2%23.6%23.6%8.2%
Skew 25d5.3%-0.3%11.3%11.3%4.0%
Skew 10d4.5%0.9%14.9%5.6%0.9%
Call IV 25d11.8%9.7%16.4%11.8%11.1%
Put IV 25d17.1%12.1%23.1%23.1%15.1%
Bid-Ask Spread %91.8172.59109.30109.3079.71
Gamma HHI0.410.100.770.440.14
Net GEX-38.9K-129.9K9.8K-129.9K1.3K
Net DEX-539.0K-855.2K-282.3K-284.9K-350.1K
Net VEX-1.4K-2.6K-882-2.6K-1.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio10.370.00112.000.000.00
Total Volume21.238021290
Total OI1,791.6194782,4192,385655

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$50.38$46.0013.5%3.9%13.5%3.9%23.6%11.3%8.3%-129.9K-284.9K-2.6K0.00109.30N/AN/A092042,181
2025-09-03$50.35$46.0016.1%4.6%13.5%7.8%0.0%2.8%3.9%-88.3K-409.3K-2.1K0.00108.95N/AN/A012042,186
2025-09-04$50.62$53.0015.0%5.2%12.6%6.1%0.0%5.3%5.8%-67.5K-489.5K-1.9K0.0096.62N/AN/A002042,187
2025-09-05$50.41$53.0013.1%5.7%12.5%3.4%0.0%3.6%-0.8%-65.4K-469.7K-1.7K0.0097.57N/AN/A102042,187
2025-09-08$50.66$53.0018.5%5.2%12.5%11.4%0.0%6.6%4.0%-35.5K-548.0K-1.3K0.0095.91N/AN/A202042,187
2025-09-09$50.84$53.0018.5%5.0%12.5%11.4%0.0%6.3%5.3%-49.4K-553.1K-1.5K0.0088.78N/AN/A002062,187
2025-09-10$50.84$53.0017.5%5.0%11.7%9.9%0.0%9.2%4.9%-49.8K-577.7K-1.4K0.0083.84N/AN/A002062,187
2025-09-11$51.63$53.0016.2%4.6%12.5%7.9%0.0%7.1%4.4%-43.7K-731.7K-1.2K0.2590.83N/AN/A822062,187
2025-09-12$51.73$50.0013.0%3.7%12.2%3.2%17.9%5.0%4.1%-39.6K-727.1K-1.5K0.0085.69N/AN/A022092,188
2025-09-15$52.36$50.0017.2%4.9%12.8%9.4%19.6%9.0%4.4%-18.7K-855.2K-1.1K0.1386.31N/AN/A1622082,190
2025-09-16$52.19$51.0011.6%3.3%12.7%1.1%0.0%5.2%6.9%-24.8K-840.6K-1.0K0.00104.50N/AN/A1202112,192
2025-09-17$51.33$51.0014.7%4.2%14.1%5.8%14.0%8.0%9.0%-77.3K-720.3K-1.2K0.00108.00N/AN/A602172,192
2025-09-18$51.44$50.0017.5%5.0%14.1%9.9%17.4%1.4%4.3%-76.4K-782.6K-1.2K0.0099.77N/AN/A302242,192
2025-09-19$51.36$50.0017.5%5.0%14.0%9.9%18.5%1.2%7.4%-83.8K-765.4K-1.1K18.2798.67N/AN/A112012272,192
2025-09-22$51.77$49.0017.1%4.9%13.1%9.4%17.4%8.6%-0.4%9.8K-417.7K-8821.0086.80N/AN/A22119359
2025-09-23$51.52$49.0016.9%4.8%12.6%9.0%19.9%4.0%1.2%6.3K-399.5K-1.0K112.0072.59N/AN/A1112119361
2025-09-24$51.25$49.0017.3%5.0%12.5%9.6%16.8%0.2%0.9%6.0K-360.9K-1.1K0.6780.19N/AN/A32119473
2025-09-25$50.89$49.0018.0%5.2%12.4%10.6%15.9%-0.3%1.0%8.1K-355.4K-1.1K0.0084.34N/AN/A04122475
2025-09-26$51.53$49.0015.7%4.5%13.0%7.2%14.2%8.4%1.5%7.2K-398.9K-1.1K2.5084.81N/AN/A1230123476
2025-09-29$51.48$49.0017.0%4.9%12.9%9.1%8.2%4.2%2.0%-4.8K-282.3K-2.1K0.0084.94N/AN/A20123531
2025-09-30$51.95$49.0017.6%5.0%12.2%10.1%0.0%4.0%-0.0%1.3K-350.1K-1.6K0.0079.71N/AN/A00124531